This whale alert can help traders discover the next big trading opportunities.
Whales are entities with large sums of money and we track their transactions here at Benzinga on our options activity scanner.
Traders often look for circumstances when the market estimation of an option diverges away from its normal worth. Abnormal amounts of trading activity could push option prices to hyperbolic or underperforming levels.
Below are some instances of options activity happening in the Communication Services sector:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|
| PARA | PUT | SWEEP | BULLISH | 01/17/25 | $25.00 | $114.2K | 2.2K | 4.0K |
| WBD | PUT | SWEEP | BEARISH | 11/18/22 | $11.00 | $26.5K | 550 | 3.8K |
| NFLX | PUT | SWEEP | BEARISH | 11/18/22 | $265.00 | $76.5K | 1.6K | 1.6K |
| GOOGL | PUT | TRADE | BEARISH | 09/15/23 | $75.00 | $40.3K | 3.0K | 1.0K |
| META | CALL | TRADE | NEUTRAL | 02/17/23 | $100.00 | $71.0K | 6.2K | 684 |
| DISH | CALL | SWEEP | BULLISH | 01/20/23 | $12.50 | $25.2K | 300 | 300 |
| DIS | PUT | TRADE | BEARISH | 01/20/23 | $100.00 | $31.9K | 22.8K | 253 |
| ROKU | PUT | SWEEP | BEARISH | 12/02/22 | $51.00 | $31.9K | 41 | 248 |
| GOOG | PUT | TRADE | BEARISH | 01/17/25 | $75.00 | $49.9K | 265 | 135 |
| RBLX | CALL | SWEEP | BULLISH | 03/17/23 | $50.00 | $30.9K | 863 | 81 |
Explanation
These itemized elaborations have been created using the accompanying table.
• For PARA (NASDAQ:PARA), we notice a put option sweep that happens to be bullish, expiring in 806 day(s) on January 17, 2025. This event was a transfer of 112 contract(s) at a $25.00 strike. This particular put needed to be split into 3 different trades to become filled. The total cost received by the writing party (or parties) was $114.2K, with a price of $1020.0 per contract. There were 2234 open contracts at this strike prior to today, and today 4065 contract(s) were bought and sold.
• For WBD (NASDAQ:WBD), we notice a put option sweep that happens to be bearish, expiring in 15 day(s) on November 18, 2022. This event was a transfer of 631 contract(s) at a $11.00 strike. This particular put needed to be split into 27 different trades to become filled. The total cost received by the writing party (or parties) was $26.5K, with a price of $42.0 per contract. There were 550 open contracts at this strike prior to today, and today 3888 contract(s) were bought and sold.
• For NFLX (NASDAQ:NFLX), we notice a put option sweep that happens to be bearish, expiring in 15 day(s) on November 18, 2022. This event was a transfer of 100 contract(s) at a $265.00 strike. This particular put needed to be split into 4 different trades to become filled. The total cost received by the writing party (or parties) was $76.5K, with a price of $765.0 per contract. There were 1660 open contracts at this strike prior to today, and today 1611 contract(s) were bought and sold.
• For GOOGL (NASDAQ:GOOGL), we notice a put option trade that happens to be bearish, expiring in 316 day(s) on September 15, 2023. This event was a transfer of 65 contract(s) at a $75.00 strike. The total cost received by the writing party (or parties) was $40.3K, with a price of $620.0 per contract. There were 3002 open contracts at this strike prior to today, and today 1013 contract(s) were bought and sold.
• Regarding META (NASDAQ:META), we observe a call option trade with neutral sentiment. It expires in 106 day(s) on February 17, 2023. Parties traded 100 contract(s) at a $100.00 strike. The total cost received by the writing party (or parties) was $71.0K, with a price of $710.0 per contract. There were 6204 open contracts at this strike prior to today, and today 684 contract(s) were bought and sold.
• Regarding DISH (NASDAQ:DISH), we observe a call option sweep with bullish sentiment. It expires in 78 day(s) on January 20, 2023. Parties traded 99 contract(s) at a $12.50 strike. This particular call needed to be split into 24 different trades to become filled. The total cost received by the writing party (or parties) was $25.2K, with a price of $255.0 per contract. There were 300 open contracts at this strike prior to today, and today 300 contract(s) were bought and sold.
• For DIS (NYSE:DIS), we notice a put option trade that happens to be bearish, expiring in 78 day(s) on January 20, 2023. This event was a transfer of 46 contract(s) at a $100.00 strike. The total cost received by the writing party (or parties) was $31.9K, with a price of $695.0 per contract. There were 22875 open contracts at this strike prior to today, and today 253 contract(s) were bought and sold.
• For ROKU (NASDAQ:ROKU), we notice a put option sweep that happens to be bearish, expiring in 29 day(s) on December 2, 2022. This event was a transfer of 80 contract(s) at a $51.00 strike. This particular put needed to be split into 4 different trades to become filled. The total cost received by the writing party (or parties) was $31.9K, with a price of $399.0 per contract. There were 41 open contracts at this strike prior to today, and today 248 contract(s) were bought and sold.
• For GOOG (NASDAQ:GOOG), we notice a put option trade that happens to be bearish, expiring in 806 day(s) on January 17, 2025. This event was a transfer of 51 contract(s) at a $75.00 strike. The total cost received by the writing party (or parties) was $49.9K, with a price of $980.0 per contract. There were 265 open contracts at this strike prior to today, and today 135 contract(s) were bought and sold.
• For RBLX (NYSE:RBLX), we notice a call option sweep that happens to be bullish, expiring in 134 day(s) on March 17, 2023. This event was a transfer of 48 contract(s) at a $50.00 strike. This particular call needed to be split into 6 different trades to become filled. The total cost received by the writing party (or parties) was $30.9K, with a price of $645.0 per contract. There were 863 open contracts at this strike prior to today, and today 81 contract(s) were bought and sold.
Options Alert Terminology
- Call Contracts: The right to buy shares as indicated in the contract.
- Put Contracts: The right to sell shares as indicated in the contract.
- Expiration Date: When the contract expires. One must act on the contract by this date if one wants to use it.
- Premium/Option Price: The price of the contract.
For more information, visit our Guide to Understanding Options Alerts or read more about unusual options activity.
This article was generated by Benzinga's automated content engine and reviewed by an editor.
